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Provo council approves $39M bond for rec center

By Associated Press | Posted - Apr 6th, 2011 @ 3:41pm

PROVO, Utah (AP) -- A new recreation center is finally coming to Provo.

Municipal Council members on Tuesday approved a $39 million bond issue to pay for the project backed by two mayors and endorsed by city residents in a November vote.

The Daily Herald reports that Mayor Lewis Billings raised the need for the center, and Mayor John Curtis carried it through to the ballot.

Opponents of the bond had called a recession a bad time to be issuing bonds.

But Provo assistant finance chief Dan Follett says the current market offered the best interest rates in the last 20 years.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Associated Press

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